Payment Methods

Payment transfers may be completed by a variety of means. All of these
payments are applicable to mainstream national currencies, but many
of them also apply to the various local or community currencies (e.g. LETS, Ithaca HOURS, Time Dollars) as well.

We have classified the different
payment mechanisms in five categories as follows:

ATM-model transactions, involving only a financial institution and an
accountholder who either deposits or withdraws money from his/her account;

Micropayments: until now only applicable in new forms of electronic
payments where the service or information is metered out and charged
on very small increments, e.g. traditional telephone charges, new automatic toll charges, and other digital cash applications; and

Take a look at our payment method directories, each of which contains a brief (and impartial) description of all the possible variations on that particular method. And be sure to tell us if we missed one.